Weinstein Co. Top Exec David Glasser to Exit

The COO, who has been with the company for the past seven years, is the latest and highest-ranking executive to leave the TWC fold over the past 10 months.

David Glasser is stepping down as chief operating officer of The Weinstein Co.

Glasser, who has been with the company for the past seven years, is the latest and highest-ranking executive to leave the TWC fold over the past 10 months. The New York-based studio has been without a marketing head since last October when marketing president Stephen Bruno exited for a post at Netflix. Also in October, TWC parted ways with its president of production and acquisitions Dylan Sellers and president of television Meryl Poster. All three of those positions remain idle.

Glasser will be staying on until November while a replacement is sought.

"It has been an incredible run at The Weinstein Company, but I have decided to take some time and explore my options in the industry," Glasser said in a statement. "I will remain with TWC until November where I will work closely with our team to set up the incredible slate for 2015-16."

Added Bob and Harvey Weinstein: "We were disappointed to hear of David's decision. He has been one of the best executives we've had the privilege of working with and we have had a tremendous run together. David will be missed at TWC, but we are in discussions with several high-level executives whom we know will continue to grow the successful divisions we built together."

Glasser joined TWC in 2008 from Syndicate Films International. At TWC, he quickly became the company's most ubiquitous executive on the festival circuit, where the company is known for its aggressive acquisitions, such as The Imitation Game, which became a major Oscar contender last year, and Begin Again, one of the most expensive domestic acquisitions ever.

The move is abrupt, with the executive said to be getting his staff ready for the upcoming Toronto Film Festival, where TWC is typically one of the most active bidders (though last year, the company was uncharacteristically quiet).

Glasser played a key role in negotiations with ITV that would have seen the British broadcast company buy TWC's TV division in a deal worth up to $950 million. But those talks fell apart in May.